The University of North Carolina is preparing for its next capital campaign and The Educational Foundation will play a significant role therein. Foremost among our goals in the campaign is scholarships. A critical focus will be placed on growing the Scholarship Endowment, gifts toward which provide a legacy of support that will touch Carolina Athletics and our student-athletes in perpetuity.
The Scholarship Endowment Trust is the foundation of Carolina’s athletic scholarship program. The trust pays an approximate annual yield of 5% toward scholarship expenses and is built through gifts of endowed scholarships and investment performance returns.
The rising cost of tuition for our broad-based program presents a significant challenge. This year alone, the cost of fully covering scholarship for your student-athletes is expected to be in the excess of $16 million – more than double the cost from just 10 years ago!
To emphasize the importance of meeting our primary mission of providing scholarships, The Educational Foundation will award increased points for all gifts to the Scholarship Endowment during the campaign. Contributions to the Endowment will earn a 40% bonus – 1.4 points per $100 donated!
Your Contributions at the Scholarship Level and Season Ticket Benefits
The $500,000 Scholarship level is payable over five years, with a minimum donation of $50,000 annually. The right to purchase season tickets for men’s basketball and/or football is a benefit of endowing a scholarship at the $500,000 level. Upon completion of the endowment, donors must make an annual Coaches Circle contribution to maintain benefits, which is in place for a period of 20 years.
Donors may endow a half scholarship in the amount of $250,000, also payable over five years (with a minimum of $25,000 annually); should the donor choose to activate ticket benefits associated with this scholarship, an annual Super Ram contribution is required to maintain benefits. If the donor declines benefits, no annual contribution is required.
The impact that scholarship donors have had on Tar Heel student-athletes is far-reaching. They provide the opportunities for approximately 450 gifted student-athletes to gain a world-class education while competing for one of the nation’s top athletics programs. More importantly, they equip thousands of our student-athletes to be leaders and champions for a lifetime. For most, especially those who are first-generation college attendees, it is a life-changing experience.
For questions or more information on The Educational Foundation Scholarship Endowment Trust, contact Sue Walsh at 919.843.6413 or firstname.lastname@example.org.